Get in touch

Submit

Thank you

There are multiple criteria which must be met in order to qualify for access to the Patent Box. It can only be accessed by companies that are headquartered in the UK and where the main research and development nexus is also within the UK.

If your business qualifies, you could benefit from a significant discount on corporation tax in relation to the profits derived from the patented invention. What is more, if your patented technology only contributes to one small element of a wider product, you may qualify for the tax exemption on the value of the product as a whole. In this respect, the Patent Box can be a very generous benefit and which makes it popular for innovative companies looking to manage their tax exposure in the UK.

 

Patent Box - the Keltie difference

Our attorneys have witnessed first hand how the Patent Box system successfully stimulates innovation. In spite of this , many innovative British businesses are not using it. Whilst awareness of similar initiatives such as R&D tax Credits is high, awareness of the Patent Box is still relatively low - as of 2021 it is estimated that a majority of companies involved in innovating in the UK are not accessing the scheme.

 

Keltie offers comprehensive audits of your technology and technology processes, to help determine whether or not you are generating the kind of innovations that might enable you to qualify for the Patent Box.

 

This where we add value - by getting involved in the earliest stages of planning and developing an innovation, we can help access and unlock the benefits of the scheme. Our experienced attorneys will advise on whether Patent Box considerations should be built into your intellectual property strategy and portfolio, so you can capitalise on the value of your innovations.

 

Contact our skilled patent attorneys today to find out whether your innovation could enable you can start enjoying the benefits of the Patent Box.

Continue reading about Patent Box
More
Ireland’s Hokey Cokey* with the UPC continues

23.08.2024

Ireland’s Hokey Cokey* with the UPC continues

The Irish Government wants ‘in’ but pending a delayed referendum, Ireland remains ‘out’. But is Ireland actually ‘in’ to some extent already? A recent decision by a Local Division of the UPC Court of First Instance certainly ‘shook it all about’ before that decision was firmly overruled by the UPC Court of Appeal.

More
G 1/23 - Potential changes ahead for what constitutes “state of the art”?

23.08.2024

G 1/23 - Potential changes ahead for what constitutes “state of the art”?

The EPO Enlarged Board of Appeal has now issued its preliminary (and non-binding) opinion on G 1/23. This referral (from the Technical Board of Appeal in T 438/19) seeks to clarify whether a commercially available product, with an undisclosed composition or internal structure, must be analysable and reproducible by the skilled person in order to constitute prior art under Article 54(2) EPC.

More
UK Corporation tax U-turn increases the allure of Patent Box scheme

20.10.2022

UK Corporation tax U-turn increases the allure of Patent Box scheme

The imminent rise in UK corporation tax makes the financial benefits of the Patent Box scheme look even more attractive, and there may now be additional incentive for many innovative and IP-focused companies to give Patent Box greater attention.

Get in touch

Submit

Thank you